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Wescan recommences exploration on its Jojay and Fork Lake projects
Wescan recommences exploration on its Jojay and Fork Lake projects.
About this update from Wescan Goldfields Inc.
[{"type":"text","content":"\n\n\n\nStock Symbol: WGF: TSX-V\n\n\nSASKATOON, SK, June 12 /CNW/ - M. F. (Moe) Lindsay, President of Wescan\nGoldfields Inc. ("Wescan" or the "Company") is pleased to announce the\nrecommencement of exploration work on its 100% owned Jojay and Fork Lake\nprojects in Northern Saskatchewan's Greenstone Belt. Both projects are\napproximately 135 road kilometers north of La Ronge Saskatchewan.\n\n\nWork on Wescan's advanced stage Jojay project is planned to recommence\nthis month. Most significantly, Wescan announces the award of a contract to\nAMEC's Saskatoon office to carry out a scoping study of the Jojay project to\nevaluate the economics of the project in anticipation of moving to an\nunderground bulk sample phase. As well, it is intended as part of the next\nphase of the contract to complete a NI 43-101 compliant technical report and\nresource estimate. Associated activities by Wescan will include the necessary\nenvironmental baseline work required to permit an underground exploration\nprogram, and the completion of the construction of an all weather access road\nto the site estimated to involve 11 kilometers of road upgrading. Completion\nof this segment of road work will connect the Jojay project to an existing all\nweather road and link the project to an existing gold processing plant; the\nwork is expected to be completed in August of this year.\n\n\nIt also planned to carry out a two phase drilling program at Jojay later\nthis summer or early fall. The first phase of drilling will consist of 13\ndrill-holes totaling some 3,000 meters. The second phase will consist of an\nadditional 5 holes totaling some 1,000 meters. The information gained is\nexpected to supplement the existing data base and will be used to update the\nresource model and to test for new sub-parallel zones that may occur along the\nmain shear zone (the Jojay Structural Zone). The gold mineralization in the\nproject area is associated with mafic-felsic volcanics. It is anticipated that\napproximately $500,000 will be expended on the foregoing program during the\nyear.\n\n\nWork on the Fork Lake project will include the continuation of a soil\nsampling grid that was initiated last year in the Transom Lake area as well as\nfollow-up drilling of identified targets. Eleven "targeted" areas were\nidentified from last year's resu...